Ann: Share Placement, page-13

Could it be a matter of volume? Easier to secure 18 million off market than on, where you have to rely on the market to get the amount you want and compete against other bidders? And although it is another raising it's not a new issue so no dilution and it goes to the company for more drilling, so I can't fault management just because of this - given that the zinc has so far been "elusive" and that the geological model is a work in progress as more data comes in it wouldn't surprise me if the company wanted to modify or expand it's drilling plans. Does anyone have any back of the envelope figures on how much $ it would have spent/have left based on the drilling to date? Apart from the current drilling there may also be more permit and "permit for a permit" applications in the works for the new concessions all of which also costs $ (and time, as we know).